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UBS to Relocate 1000 Tech Jobs from Mumbai to Hyderabad by 2025

UBS plans to relocate around 1,000 tech jobs from Mumbai to Hyderabad by the end of 2025, aiming to increase its Hyderabad workforce from 2,000 to 3,500-4,000. The bank seeks to stabilize its overall India headcount at approximately 20,000 by 2026, focusing on enhancing its permanent employee base and investing in AI capabilities. India's strategic importance is underscored by its role in the recent Credit Suisse integration, with 50% of UBS's global certified engineers based there.

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